Zacks Research Downgrades Star Equity (NASDAQ:STRR) to Strong Sell

Star Equity (NASDAQ:STRR) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts have also recently weighed in on STRR. Maxim Group cut shares of Star Equity from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Star Equity in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Star Equity presently has a consensus rating of “Sell” and a consensus target price of $5.00.

Star Equity Price Performance

Star Equity stock opened at $9.75 on Thursday. The firm has a market capitalization of $33.50 million, a P/E ratio of -7.50 and a beta of 0.42. The stock has a fifty day moving average price of $10.88 and a two-hundred day moving average price of $5.49. Star Equity has a 52-week low of $8.26 and a 52-week high of $15.90.

Star Equity (NASDAQ:STRR) last posted its earnings results on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.30). The firm had revenue of $47.96 million during the quarter, compared to the consensus estimate of $45.68 million. Star Equity had a negative return on equity of 3.81% and a negative net margin of 2.81%. On average, equities research analysts predict that Star Equity will post -1.2 EPS for the current fiscal year.

Insider Buying and Selling at Star Equity

In related news, CEO Jeffrey E. Eberwein bought 12,000 shares of Star Equity stock in a transaction dated Wednesday, September 17th. The shares were bought at an average cost of $10.94 per share, for a total transaction of $131,280.00. Following the completion of the transaction, the chief executive officer owned 651,595 shares of the company’s stock, valued at approximately $7,128,449.30. This trade represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 87,907 shares of company stock valued at $937,425 and have sold 31,105 shares valued at $287,007. Corporate insiders own 33.51% of the company’s stock.

Star Equity Company Profile

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.